Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 02, 2013 08:35:33

Oil pipeline closure due to cheaper Pegasus



ColosseumFor the first time after six days of growth yesterday WTI price dropped. This happened shortly after the report came out on the conclusion of Pegasus pipeline that leads the oil from the U.S. state of Illinois. The roadblock pipeline is led by Exxon Mobil Corp., which is its owner, the oil spill in the State of Arkansas. The company not announced when plans to re-activate this pipeline. Yesterday also increased the difference between the price of WTI and Brent as Brent crude due to the strengthening of the euro against the U.S. dollar yesterday rose. Yesterday the stock market CME May WTI oil futures closed decline by 16 cents to $ 97.07 a barrel. Today at 8:07 still cheaper up to $ 96.74 per barrel.

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